All members of the Juventus board, including its president Andrea Agnelli, have resigned. The Old Lady is immersed in sporting, financial and legal problems.
General manager Maurizio Arrivabene has been instructed to remain in place until a new board is formed. The next general meeting is scheduled for January 18.
The council, which includes Andrea Agnelli and its vice-president Pavel Nedved, resigned in “considering the centrality and relevance of the outstanding legal and technical-accounting issues”an allusion to the investigation that the Italian justice has been carrying out for more than a year.
The Turin public prosecutor’s office is interested in the practice, which Juve has multiplied, of “false trades” of players: cross-selling with other clubs, without exchanging money but enabling capital gains to be recorded in the balance sheets.
The magistrates have calculated these “fictitious” capital gains at some 155 million euros between 2018 and 2021. The club, listed on the stock exchange, would also have hidden from its investors the existence of private agreements with players to settle certain deferred wages.
afp/bag
